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<br /> <br /> <br /> ORDINANCE N0. 93-056 <br /> <br /> <br /> ORDINANCE AUTHORIZING THE ISSUANCE OF <br /> CITY OF PARIS, TEXAS CERTIFICATES OF OBLIGATION, SERIES 1993 <br /> <br /> <br /> THE STATE OF TEXAS . <br /> COUNTY OF L,AMAR . <br /> CTTY OF PARIS . <br /> <br /> WHEREAS, the City Council deems it advisable to issue Certificates of Obligation, <br /> in the amount of $5,000,000, for paying, in whole or in part, contractual obligations for the <br /> following purposes: improvements to the Police and Municipal Courts Building and <br /> acquisition of equipment; improvements to the Solid Waste Department including landfill <br /> and compost facilities together with the acquisition of equipment; improvements to the Fire <br /> Department including construction of fire substations and other improvements to existing <br /> stations, the purchase of land for facilities; funding for demolition of dilapidated properties <br /> in the community and related cleanup; the acquisition of equipment; renovation of Central <br /> Fire Station into City Council Meeting Room and related facilities; constructing, unproving <br /> and equipping Municipal Parks, including the purchase of land for such purposes; improving <br /> the streets in the City, including the purchase of necessary right of way, overlay of existing <br /> streets, construction, reconstruction, related drainage and constructing drainage <br /> improvements in the City; the purchase of land for Cox Field Airport expansion and the <br /> construction of improvements to Airport terminal together with purchase of Airport <br /> equipment, and for paying legal, fiscal, architectural and engineering fees in connection with <br /> such projects; and <br /> <br /> WHEREAS, the City Council has heretofore, on the 15th day of November, 1993, <br /> adopted an Ordinance authorizing and directing the City Clerk to give notice of intention <br /> to issue Certificates of Obligation; and <br /> <br /> WHEREAS, the notice of intention to issue Certificates of Obligation was published <br /> in the Paris News, which is a newspaper of general circulation in said City, in its issues of <br /> November 21, 1993 and November 28, 1993; and <br /> <br /> WHEREAS, the City has deemed it advisable to issue $5,000,000 of the Certificates <br /> of Obligation; and <br /> <br /> V44?REAS, the City received no petition from the qualified electors of the City <br /> protesting the issuance of such Certificates of Obligation; and <br /> <br /> WHEREAS, the Certificates of Obligadon hereinafter authorized and designated are <br /> to be issued and delivered for cash pursuant to 271.041 et. seq. of the Local Government <br /> Code. <br /> <br /> <br /> <br /> 1 <br />